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Compute the labor price and quantity variances

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Reference no: EM132510634

Lewis Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $13.20 per hour. During August, 43,000 hours of labor are incurred at a cost of $13.30 per hour to produce 11,800 units of Product DD.

Question 1: Compute the total labor variance.

Question 2: Compute the labor price and quantity variances.

Question 3: Compute the labor price and quantity variances, assuming the standard is 3.90 hours of direct labor at $13.50 per hour.

Reference no: EM132510634

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